Snapchat User Growth Accelerates in Q4, Total Revenue Up 44% But Misses Expectations

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Snapchat User Growth Accelerates in Q4, Total Revenue Up 44% But Misses Expectations
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.Snapchat User Growth Accelerates in Q4, Total Revenue Up 44% But Misses Expectations

Snap said Snapchat gained a net 8 million new daily active users in the fourth quarter of 2019, but revenue was lighter than Wall Street expected — sending the stock down in after-hours trading. The social media and messaging app stood at 218 million daily active users, or DAUs, as of the end of last [...]Disney Plus has amassed 26.5 million subscribers after just three months in business. Walt Disney Co.

Apple Music subscribers will get the first crack at Genius’ original show “Verified,” which features artists explaining the lyrics and meaning behind their biggest songs. Under the deal, Apple Music will co-produce and exclusively premiere “Verified” episodes each weekday. Genius will post the episodes, co-branded with Apple Music, to its YouTube channel within 24 hours. [...

Jeff Bezos, through a court filing by his lawyers, has hit back at allegations by his girlfriend’s brother that the Amazon founder and CEO defamed him. On Jan. 31, Michael Sanchez, the brother of Bezos’ girlfriend Lauren Sanchez, filed a lawsuit alleging that Bezos and his security chief, Gavin de Becker, falsely spread information that [...]Former AMC Studios executive Rick Olshansky has joined Verve talent agency in the role of special advisor.

Call it “America’s Next Top Gamer.” Quibi pacted with top esports team FaZe Clan for a reality-competition show — giving one lucky Quibi subscriber the chance to join the roster. Here’s how it will work: Quibi will let viewers of “FaZe Up” submit videos showing off their gaming skills and making the case [...

Yahoo Entertainment is launching “Reality Star Showdown,” a party-game show from Ellen DeGeneres’ digital media company, in which viewers play along in guessing games with reality-TV contestants. The series is hosted by “The Ellen Show” producers Andy Zenor and Tracy Gold. In a bid to boost engagement, “Reality Star Showdown” uses Yahoo’s interactive quiz tool [...]

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